Open an account

Dakota Gold

DC · NYSE American

$5.59+$0.07 (+1.27%)TodayMarket closed ·
Prev close $5.52

DC analyst rating

BuyConsensus of 5 analysts over the last 12 months. 100% rate it a buy.
  • Strong buy0
  • Buy5
  • Hold0
  • Underperform0
  • Sell0

12-month price target · 9 analysts

Average $12.33 (+120.6% upside)

Low
$10.10
Now
$5.59
High
$16.80

Upgrades and downgrades

The latest rating actions, newest first

DC analyst upgrades, downgrades and rating actions
FirmDateActionRating
HC Wainwright & Co.Sep 30, 2026MaintainsBuy
HC Wainwright & Co.Jul 16, 2026MaintainsBuy
Canaccord GenuityMay 26, 2026MaintainsSpeculative Buy
CIBCMay 6, 2026InitiatesOutperformer
HC Wainwright & Co.Apr 22, 2026MaintainsBuy
HC Wainwright & Co.Mar 18, 2026MaintainsBuy
ScotiabankFeb 24, 2026InitiatesSector Outperform
HC Wainwright & Co.Jan 5, 2026InitiatesBuy
Freedom BrokerNov 7, 2025InitiatesBuy

The case for and against

Updated Oct 7, 2026

Bull case

Dakota Gold is supported by a clear development catalyst at Richmond Hill, where the completed 2026 drill program and 2025–2026 datasets of over 350 drill holes should feed an updated Mineral Resource Estimate, refined geo-metallurgical model, and optimized mine plan for the PFS. The stated drill results include standout intercepts such as 1.42 gpt gold over 64 m and 2.37 gpt gold over 21.5 m, both above the 0.566 gpt gold average from the Initial Assessment, suggesting improved project economics and better mine sequencing. With a cash balance of $106.9M, more than $100.0M in treasury, and de-risking steps already underway, the company appears well funded to advance its assets and transition from exploration toward development.

Bear case

Dakota Gold is exposed to significant commodity price risk, which can quickly undermine project economics, while its exploration-stage profile leaves it highly dependent on outside financing to fund ongoing work and future development. The company also faces meaningful operating and technical uncertainty because advancing the Richmond Hill Project and revitalizing the Homestake District require successful geologic interpretation, permitting, and execution that are inherently difficult for a company without producing assets. In addition, the capital requirements to construct the asset base are substantial, so dilution risk and funding pressure remain elevated, making the fundamental risk/reward profile unattractive from a negative outlook perspective.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.